5, OLD SCHOOL LANE, BILLINGHAY, LINCOLN, LN4 4GS - £337,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 OLD SCHOOL LANE is a very large extended detached house of 227m², built sometime between 2003 and 2006, which could now be worth an estimated £407,954. It was last sold for £337,000 in June 2020, which was around 35% above the average June 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was C.

5 OLD SCHOOL LANE Sold Prices

Land registry data shows two sales for 5 OLD SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 5 OLD SCHOOL LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 9 JUN	£337,000	£250,093	35% above HPI
2003 10 DEC	£229,950	£152,174	51% above HPI

5 OLD SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 5 OLD SCHOOL LANE sales from December 2003 and June 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2003 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the June 2020 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 5 OLD SCHOOL LANE be worth now?

5 OLD SCHOOL LANE might now be worth an estimated £407,954.

This is based on house price inflation of 21.1%, between June 2020 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.1% inflationary increase is applied to the most recent sale price for 5 OLD SCHOOL LANE of £337,000 on 9th June 2020. For the value to have increased from £337,000 to £407,954 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 5 OLD SCHOOL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2020 sale price of £337,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OLD SCHOOL LANE has not materially changed since June 2020.

How Large is 5 OLD SCHOOL LANE?

5 OLD SCHOOL LANE is 227m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the largest 10% of detached houses houses in Billinghay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billinghay, and where 5 OLD SCHOOL LANE lies on this distribution: 98% of detached houses houses are smaller than 5 OLD SCHOOL LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Billinghay.

5 OLD SCHOOL LANE: Plot and Title Map

5 OLD SCHOOL LANE sits on a plot of roughly 0.244 of an acre, or 986m². The below map shows the location of 5 OLD SCHOOL LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 OLD SCHOOL LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 OLD SCHOOL LANE?

5 OLD SCHOOL LANE is located in BILLINGHAY, in the LN4 postcode district. The below map shows the position of No. 5 on OLD SCHOOL LANE.